For bookkeeping, are discounts considered income or expenses?
By Ryan Himmel Edited by Dan Bova
Opinions expressed by Entrepreneur contributors are their own.
Ryan Himmel
Entrepreneur, CPA, Founder & CEO of BIDAWIZ
Ryan Himmel is a CPA and technology entrepreneur that has dedicated over a decade of his work toward providing solutions to help accountants and small-business owners better run their firms. He is the founder and CEO of BIDaWIZ, a professional network for small businesses and entrepreneurs to obtain trusted tax advice and services. He also oversees TaxResearchPro, an on-demand tax research support service for solo practitioners and small to mid-sized accounting firms across the U.S. Himmel regularly contributes to his tax blog.
Want to be an Entrepreneur Leadership Network contributor? Apply now to join.
Editor's Pick
-
Jake Paul Has Made Millions Using This Mindset Hack — and It Will Help Him Fight Mike Tyson, Too: 'Let It Fuel You'
-
How to Tell You're About to Get Fired — Plus 4 'Typical' Reasons for It, From a Career Expert
-
They Showed Up to Apple With a Product They Built in Their Dorm Room. Now These Entrepreneurs Are on the Way to Changing the Way Fans Watch Sports.
-
Got Some Bad Press? 5 Tactics to Reclaim Your Reputation — and Your Google Search Ranking
-
You Can Earn Full-Time Profits With This Part-Time Work — Just Don't Call It a Side Hustle
-
4 Not-So-Obvious Signs That Your Company Culture Is Becoming Toxic
Growing a Business
You'll Never Satisfy Your Customers — or Grow Your Business — Without Doing These 3 Things
Customer feedback can be used to drive sustainable growth. Here are three approaches to how you can move past measurement to drive improvement and ultimately grow your business.
Business News
Southwest Airlines Is Switching Up Its Boarding Policy and Assigning Seats for the First Time Ever
The airline, known for its unique open seating model, will assign seats for the first time in company history.
Leadership
From Crisis to Control — How to Lead Effectively in High-Stress Scenarios
From the eye of the storm to the heart of leadership: How BELFOR's Sheldon Yellen's approach to the disaster recovery industry is revolutionizing resilience in business.
Growing a Business
5 Lessons Nonprofit Leaders Can Learn from Big Tech
Nonprofits can do more good by adopting a few key lessons from tech companies — like focusing on efficiency and using data for strategic decision-making.
Starting a Business
How to Find the Right Programmers: A Brief Guideline for Startup Founders
For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.
Fundraising
Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing
As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.
